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Angel Hristov's latest articles
Industry
May 22, 2024
Novibet Joins IBIA Ahead of Brazil License Bid
Novibet, a major online sports betting operator, has become the latest member of the International Betting Integrity Association (IBIA). This move comes ahead of Novibet’s bid for a license in Brazil. For context, Brazil’s regulations require all companies that wish to offer sports betting to join an international integrity body. As a result, multiple sportsbooks […]
Industry
May 22, 2024
Spelinspektionen Bans WiseAvant OĂś over Unlicensed Betting
The Swedish Gaming Authority (Spelinspektionen) has banned WiseAvant OĂś, which provided games of chance to Swedish customers without possessing the necessary license. This is notably the sixth unlicensed operator the authority has banned this year. According to the Spelinspektionen, WiseAvant OÜ’s website organized lotteries with video game skins. Skins gambling is a controversial emerging vertical […]
Business
May 22, 2024
Playtech Posts Trading Update, Caliplay Fees Remain Uncollected
Playtech has published Đ° trading update for the period from January 1 to April 30, reporting a solid trading performance and robust underlying trends. The company’s successes, however, were partly offset by the customer-friendly sporting results, the report noted. In the four-month period outlined in the update, Playtech’s B2B division recorded strong performance thanks to […]
Industry
May 22, 2024
Charity Commission Launches Investigation into GambleAware
The UK Charity Commission has officially opened an investigation into GambleAware, Britain’s biggest gambling harm charity. This comes after a complaint by the Good Law Project alleged that the non-profit is too closely related to the gambling industry. The Good Law project previously accused GambleAware of reliance on gambling industry funds, alleging that its activities […]
Industry
May 21, 2024
BGC’s Levy Payments to HBLB Increase for the Third Year in a Row
Britain’s Betting and Gaming Council announced that its members are expected to contribute a record ÂŁ105 million ($133.6 million) in levy payments to the Horserace Betting Levy Board (HBLB) for last year. This figure would mark an increase of ÂŁ5 million and is notably the third consecutive year of year-on-year increase. For context, the BGC’s […]
Business
May 21, 2024
Allwyn Publishes Preliminary Unaudited Q1 Update
Allwyn has published a Q1 trading update, outlining certain preliminary figures. The announcement coincided with the launch of an offering of a USD-denominated Term Loan B in the principal amount of $450 million. The current update came ahead of the announcement of the company’s unaudited Q1 results which is set to take place on June […]
Business
May 21, 2024
Entain Concludes Strategic Review, Eyes Crystalbet Sale
Entain, a global sports betting and gaming giant, announced that its board’s Capital Allocation Committee (CapCo) has concluded its strategic review. The company had tasked the CapCo with creating a value optimization plan in January, asking it to thoroughly evaluate its business, markets, brands and verticals. After carefully considering various opportunities, the committee concluded that […]
Casino
May 21, 2024
BetMGM Doubles Down on Omnichannel Strategy with Rakin’ Bacon Odyssey
Global gaming powerhouse BetMGM unveiled the launch of a new slot game that fans in Michigan will be able to try out. The new title is called Rakin’ Bacon Odyssey and was launched in partnership with PlayAGS. The multichannel game will be exclusively available to retail and online players in the Great Lake State. The […]
Business
May 20, 2024
PointsBet Updates Its FY 2024 EBITDA Guidance
PointsBet Holdings, a corporate ASX-listed bookmaker, has published a new update, drastically improving its EBITDA guidance. The announcement comes amid strong year-to-date trading and increased operational efficiency and productivity, the company announced. As announced by PointsBet, the operator now expects normalized EBITDA loss for the fiscal year to be in the range of AUD 4 […]
Industry
May 20, 2024
Bulgaria Bans Gambling Ads; Prohibits Casinos in Underpopulated Areas
After months of discussions, Bulgaria has finally implemented a ban on gambling ads. The measure was signed into law by president Rumen Radev, preventing gambling companies from freely marketing their products. Under the new ad regime, operators are unable to promote their products across all forms of media. The controversial ban still allows gambling companies […]
